January 7, 2020 / 9:22 AM / 22 days ago

Nagpur Soybean, Soyoil, Soymeal Open- January 7, 2020

Nagpur Soybean, Soyoil, Soymeal Open-January 7, 2020

Nagpur, Jan 7 (Reuters) – The slide in soyabean and cottonseed oil prices continued unabated in
Vidarbha region of Western Maharashtra for second day today on persistent selling by stockists
amid good supply from producing regions and weak trends in overseas markets. Sentiment turned
bearish as American soya digam reported down. Fresh fall on in Madhya Pradesh soyabean oil also
affected sentiment, according to sources.

                       *****
VIDARBHA MARKETS
OILS
  * Groundnut loose, groundnut refined, sunflower refined, linseed, rapeseed,
    castor and coconut KP oil ruled steady here in thintrading activity.  
  * Traders expect downward trend in soyabean and cottonseed oil here.   
    
   SOYMEAL
 * Soymeal prices today showed weak tendency here on lack of demand from South-based 
   traders.
                                         
   SOYABEAN
  * Soyabean prices suffered heavily in Nagpur Agriculture Produce Marketing 
  Committee (APMC) auctions on lack of demand from local crushing plants. Sharp fall in 
  soyabean oil in last two sessions, weak trend in soymeal, easy condition on NCDEX and 
  downward trend in Madhya Pradesh soyabean prices also affected sentiment.
    About 600 soyabean bags reported for auction in Nagpur APMC, according to 
    sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
                Available          Previous
                       (Auction price)    (Auction price)
    Market delivery    35,500-41,500       36,000-42,000         --
    (Available price)
    Market delivery    35,600-41,600       36,100-42,100          --
    (Traders price)
    Plant delivery     42,200-42,500       42,500-43,000          --

    Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) 
in Vidarbha, according to officials of Agriculture Produce Marketing Committee
and trade sources.
                         Deliveries          Available prices
    Hinganghat             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 42,700, Amravati – 42,300 Washim – 42,500, Khamgaon – 42,700, 
    Dhulia – 43,000, Hingoli – 43,600, Jalna – 43,600, Nandurbar – 43,200, 
    Latur – 43,600, Nanded – 43,500, Solapur – 43,500, Sangli – 42,500.
        
    Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag), Dhan arrival (75 kg bag), cotton
(100 kg) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:

                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.                2,400-2,600
    Groundnut              n.a.            n.a.                700-900
    Linseed                n.a.            n.a.           4,800-5,000
    Castor                 n.a.            n.a.            2,850-3,000
    Rapeseed               n.a.            n.a.                1,520-1,625
    Til                    n.a.                n.a.                7,500-8,000
    Dhaniya                n.a.            n.a.           6,200-6,400 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,800-2,000
    Dhan                  7,000         1,800-2,155        1,850-2,140
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         916            923
    Soyoil solvent crushing plant delivery         875            880    
    Cottonseed refined                             900            920
    Cottonseed solvent                             860            880
    Groundnut oil – loose (10 kg)                  1,370          1,370
    Groundnut oil refined (15 Litre)               1,970          1,970
    Sunflower oil refined (10 kg)                  1,000          1,000
    Linseed oil (10 kg)                            1,000          1,000
    Rapeseed oil (for 15 kg)                       1,580          1,580
    Castor oil (for 15 kg)                         1,500          1,500
    Coconut KP oil (for 15 kg)                     2,950          2,950

    AMRAVATI
    Soyoil refined                                 921            930
    Soyoil Solvent                                 883            890
    Cottonseed refined                             900            918
    Cottonseed solvent                             860            880

    AKOLA
    Soyoil refined                                 922            928
    Soyoil Solvent                                 882            890        
    Cottonseed refined oil                         900          900 
    Cottonseed solvent                             860            860

    DHULIA
    Soyoil refined                                 927            932
  
    KHAMGAON
    Soyoil refined 
                                                920            928
    JALNA
    Soyoil refined 
                                                   921            927
    NANDED
    Soyoil refined                                 915            920
   
    Soyoil refined prices at other places in Maharashtra : Washim – 925, 
    Latur - 910, Solapur – 914, Sangli – 918.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.
     Soyabean and Cottonseed oil - 10 litre)                        
                                 
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  36,400-36,700    36,500-37,000
      
    Soymeal prices at other places in Maharashtra : Akola – 37,200, 
    Washim – 37,700, Dhulia – 36,800, Hingoli – 36,000, Jalna – 36,700,
    Nandurbar – 36,900, Khamgaon – 36,800, Latur – 36,300, Nanded – 36,000,
    Solapur – 36,500, Dharwad – 35,800, Sangli – 37,000

WEATHER (NAGPUR)  
Maximum temp. 25.0 degree Celsius, minimum temp. 12.0 degree Celsius 
Rainfall : Nil
FORECAST: Partly cloudy sky with one or two spells of rains or thunder-showers. Maximum and
minimum temperature likely to be around 26 degree Celsius and 14 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)

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